Oct 28, 4:05 PM ET
Carvana Co. reported financial results for the third quarter ended September 30, 2026, achieving 217,385 retail units sold and $8.040 billion in revenue. Net income totaled $483 million with a net income margin of 6.0%.
- Retail units sold increased 39% year-over-year to 217,385 in the third quarter of 2026.
- Total revenue reached $8.040 billion, up 42% compared to the third quarter of 2025.
- Net income for the quarter was $483 million, resulting in a net income margin of 6.0%.
Read the filing on SEC.gov ↗
Aug 14, 4:55 PM ET
Carvana entered a $1.66 billion senior secured term loan B credit agreement on August 14, 2026, maturing in 2033. The company said the proceeds are expected to redeem or refinance its 2030 Secured Notes, with $1.0 billion redeemed on August 15, 2026 and the remainder on August 22, 2026.
- Term loan B facility of $1.66 billion matures August 14, 2033, issued at 99.75% of principal.
- Interest is Term SOFR plus 2.25% or base rate plus 1.25%, per the credit agreement.
- Proceeds expected to redeem 2030 Secured Notes: $1.0 billion on August 15, 2026 and the remainder on August 22, 2026.
- The credit agreement has no financial covenant and requires 50% excess cash flow prepayments starting fiscal 2028, subject to reductions.
Read the filing on SEC.gov ↗
Jul 29, 4:05 PM ET
Carvana reported second-quarter 2026 results for the period ended June 30, 2026, with net sales and operating revenues of $7.376 billion, up 52% from a year earlier. Net income attributable to Carvana Co. was $310 million, compared with $183 million, and the company sees full-year 2026 Adjusted EBITDA of $2.7 billion to $3.0 billion, compared with $2.24 billion in 2025. Adjusted EBITDA margin fell to 10.4% from 12.4%, and Total gross profit per unit declined year over year.
- Net sales and operating revenues were $7.376 billion in Q2 2026, up 52.4% from $4.840 billion in Q2 2025.
- Retail vehicle unit sales were 197,325, up 37.7% from 143,280 a year earlier.
- Net income attributable to Carvana Co. was $310 million, or $0.42 diluted EPS for Class A shares, compared with $183 million and $0.26 a year earlier.
- The company expects full-year 2026 Adjusted EBITDA of $2.7 billion to $3.0 billion, an increase from $2.24 billion in 2025, and a sequential rise in Q3 retail units sold.
Read the filing on SEC.gov ↗
May 6, 4:48 PM ET
At its May 5, 2026 annual meeting, Carvana stockholders approved a five-for-one forward split of Class A and Class B common stock, along with a proportionate increase in authorized shares. Stockholders also approved the 2026 Omnibus Incentive Plan, elected Michael Maroone and Neha Parikh as Class III directors, and rejected a stockholder proposal. For shareholders, each share will be reclassified into five shares when the split takes effect.
- Each share of Class A and Class B common stock becomes five shares at the Effective Time, 9:30 a.m. ET on May 7, 2026.
- Class A common stock is expected to begin trading split-adjusted on the New York Stock Exchange at market open on May 8, 2026.
- The 2026 Omnibus Incentive Plan was approved with 730,926,830 votes for and 89,832,196 against.
- The stockholder proposal in Item 6 was not approved: 32,002,459 votes for and 788,394,436 against.
Read the filing on SEC.gov ↗
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